NEW YORK --
Costco Wholesale
(COST) - Get Report
, the warehouse retailer, posted fiscal second-quarter earnings of $547 million, or $1.24 share, up from year-earlier earnings of $394 million, or 90 cents a share.
The latest quarter includes a tax benefit of 14 cents a share.
Net sales in the second quarter rose 8.2% to $24.34 billion. Including membership fees, net revenue was $24.87 billion.
Same-store sales in the quarter jumped 5%.
Analysts were expecting earnings of $1.06 a share on revenue of $25.13 billion.
VeriFone Systems
(PAY)
said Monday that CEO Douglas Bergeron was stepping down after 12 years with the maker of terminals for electronic payments.
VeriFone warned last month that first-quarter earnings and revenue would be below expectations. He said many of the troubles were "self-inflicted," and could lead to possible executive changes.
"Now is the right time for new leadership to take the baton and continue to drive the company forward," Bergeron said in a statement Monday.
4 Stocks Spiking on Unusual Volume
Yum! Brands
(YUM) - Get Report
reported Monday a decline of 20% in its same-store sales in China for January and February, but that was better than the company's forecast of a 25% drop.
The company's sales in China have been hurt in recent months by a food scare over its chicken suppliers.
Yum! owns KFC, Taco Bell and Pizza Hut restaurants.
KKR
(KKR) - Get Report
is considering teaming with other private-equity firms to pursue a buyout of
Life Technologies
(LIFE) - Get Report
,
The Wall Street Journal
reported, citing people familiar with the matter.
At least two other strategic buyers,
Danaher
(DHR) - Get Report
and
Thermo Fisher Scientific
(TMO) - Get Report
are weighing bids for biotech firm Life Technologies, according to other people, the newspaper said.
Life Technologies is valued at $12.5 billion.
Urban Outfitters
(URBN) - Get Report
posted fourth-quarter net income of $82.5 million, or 56 cents a share, compared with year-earlier earnings of $39.3 million, or 27 cents a share.
Revenue in the quarter rose to $856.8 million from $730.6 million.
Analysts were expecting earnings of 57 cents a share on revenue of $850.5 million.
Dole Food
(DOLE)
is expected by analysts Tuesday to post a fourth-quarter loss of 2 cents a share.
5 Stocks Set to Soar on Bullish Earnings
Bon-Ton Stores
(BONT)
is forecast by Wall Street to report fourth-quarter earnings of $3.57 a share on revenue of $1.04 billion.
-- Written by Joseph Woelfel
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